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DYKSTRA COMPANY Adjusted Trial Balance For the Year Ended December 31, 2012 Dr. Cr. Cash $ 14,500 Accounts Receivable 11,100 Inventory 29,000 Prepaid Insurance
DYKSTRA COMPANY Adjusted Trial Balance For the Year Ended December 31, 2012 Dr. Cr. Cash $ 14,500 Accounts Receivable 11,100 Inventory 29,000 Prepaid Insurance 2,500 Equipment Accumulated Depreciation-Equipment 95,000 $ 18,000 Notes Payable 25,000 Accounts Payable 10,600 Common Stock 70,000 Retained Earnings 11,000 Dividends 12,000 Sales Revenue 536,800 Sales Returns and Allowances 6,700 Sales Discounts 5,000 Cost of Goods Sold 363,400 Freight-out 7,600 Advertising Expense 12,000 Salaries and Wages Expense 56,000 Utilities Expense 18,000 Rent Expense 24,000 Depreciation Expense 9,000 Insurance Expense 4,500 Interest Expense 3,600 Interest Revenue 2,500 $673,900 $673,900 Prepare a classified balance sheet statement for Dykstra Company. Assume a tax rate of 30 percent.
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